SOURCE: Element 21 Golf Co.

January 23, 2007 16:15 ET

Leading Sales Network Picks E21 Metal Scandium Shafts for Nationwide Distribution

TORONTO -- (MARKET WIRE) -- January 23, 2007 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) (FRANKFURT: BJQ), a manufacturer of advanced Scandium Metal Alloy golf equipment, has signed a distribution agreement with Premium Golf Management Co. ("PGMC") to exclusively sell E21 shafts through the PGMC's extensive network of specialty dealers.

The E21-PGMC distribution agreement provides for the sale of E21 shafts through PGMC's long established dealer network, known for the distribution of ACCRA Golf Shafts (http://www.accragolf.com/deal-usa.html).

There are over 200 PCMG dealers throughout North America. This agreement builds E21's most extensive ground distribution channel to date by accessing PGMC's shaft specialty dealer network. "PGMC's dealer network has a proven expertise in all aspects of Club Fitting and Club Building by serving the low handicap, higher caliber player market. Our agreement with PGMC will help build E21's following among a much larger population of aspiring golfers seeking game advances and innovations," said Bill Dey, E21's Chief Operating Officer.

Many golfers who have switched to graphite shafts to reduce excessive vibration and injury of steel shafts do so at a cost -- reduced accuracy, less consistency from club to club and higher handicaps. With E21 shafts you do not compromise your handicap you only improve it while significantly reducing shaft vibration and injury. According to George Lazenby, a former James Bond actor, who is playing golf with E21 shafts almost daily, E21 shafts are engineering and metallurgical wonder that feel like a knife cutting butter."

E21's Scandium Alloy shafts are manufactured using a proprietary 25-step production process to create a seamless, extruded shaft. Variable wall thickness and the alloy's high tensile strength results in a vibration dampening system called ShockBlok™ with 270% better shock annenuation than steel shafts that protects golfer's bodies, bones and joints. Each E21 shaft is made from a single piece of Scandium Alloy resulting in unmatched consistency from club to club as well as unprecedented accuracy and an industry leading torque of as low as 1.5%.

About Premium Golf Management Co.:

With offices in North America and Europe Premium Golf Management Co. (PGMC) is the exclusive distributor for the ACCRA brand of premium golf shafts. PGMC has over 200 ACCRA certified partners worldwide with product sold in over 13 countries. In 2005 and 2006 more than 100 PGA Tour players used ACCRA shafts including multiple users at the 2006 Ryder Cup. ACCRA continues to prove that a "Tour Proven" shaft fitted by the very best club fitters in the world will help any level of golfer improve their game.

About Element 21 Golf Company:

Element 21 Golf Company is a Delaware corporation trading on the OTCBB and the Frankfurt Stock Exchange (FWB) with offices in New Jersey, USA and Toronto, Canada. E21 holds the exclusive right to manufacture golf products using its proprietary E21 Scandium Metal Alloy. Simply put, E21 clubs are using next-generation technology that delivers marked improvements in distance, consistency, accuracy and feel over any of the most popular products in the $5.5 billion U.S. golf equipment marketplace.

Based on this superior performance, a number of high profile golf professionals have switched to or have begun testing E21's Eagle One shafts in recent months.

E21 Scandium Metal Alloy is the secret behind this advanced performance. Originally developed for advanced aeronautics in jet fighters such as the MiG, it is 55% lighter and offers a 25% greater strength-to-weight advantage over Titanium alloys, the current standard in the golf equipment industry. E21 Scandium Metal Alloy allows greater freedom to move more weight to the perimeter of the club face in woods and hybrids than any other metal, resulting in a significantly larger sweet spot than any other club head. Additionally, E21 Scandium Metal Alloy shafts are almost perfectly symmetrical at 99.5-99.9%, compared to 60-78% typical in graphite shafts and 80-85% for steel.

E21 Golf -- Better Science. Better Performance.

Forward-Looking Statements.

Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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